Overview
What is The Reinvestment Fund Inc?
The Reinvestment Fund Inc, based in Philadelphia, Pennsylvania, is a nonprofit organization with a mission to create opportunities for underserved people and places through strategic partnerships. They specialize in lending to finance projects that benefit low-income communities, such as homes, schools, healthy food retail, and healthcare. With a team of 109 employees, they utilize their capital, analytical skills, and expertise to build stronger, healthier, and more equitable communities. Their core lending function aims to improve the living conditions for underresourced individuals and areas.
Official website here: www.reinvestment.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 89% (Three-Star out of Four Star rating)
The Reinvestment Fund Inc has received an 89% rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization demonstrates exemplary governance practices, with a fully independent board and comprehensive financial oversight measures in place. This high level of accountability is reflected in their policies regarding conflicts of interest, whistleblower protections, and document retention.
One of the strengths of The Reinvestment Fund is its effective program expense ratio, which stands at 78.97%. This suggests that a significant portion of its funds is directed towards its programs and mission-related activities rather than administrative costs. This focus on programmatic spending aligns with the nonprofit's goal of making impactful investments in community development.
However, the organization has a liabilities to assets ratio of 59.90%, which may raise some concerns regarding financial leverage and sustainability. While this score is not detrimental, it indicates that the organization should monitor its financial health closely to ensure continued effectiveness and stability in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is The Reinvestment Fund Inc legitimate?
The Reinvestment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Reinvestment Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,332,399
Professional Fundraising Fees: $108,576
Other Salaries and Wages: $8,204,578
For more financial information, click here
Official website here: www.reinvestment.com
What is the mission statement of The Reinvestment Fund Inc?
The Reinvestment Fund Inc is a organization that focuses on creating opportunities for underserved people and places through partnerships. They bring together the necessary capital, analytics, and expertise to build strong, healthy, and more equitable communities. The organization's mission is centered around lending, which includes financing projects that benefit low-wealth individuals and areas, such as homes, schools, healthcare, and healthy food retail. By doing so, The Reinvestment Fund Inc aims to make a significant impact on communities and improve their overall well-being.
Official website here: www.reinvestment.com
Who is the CEO of The Reinvestment Fund Inc?
Donald Hinkle-Brown is the CEO of The Reinvestment Fund Inc The CEO's salary of The Reinvestment Fund Inc is $644,076 and their total compensation is $706,151.
Official website here: www.reinvestment.com
What is the revenue of The Reinvestment Fund Inc?
The Reinvestment Fund Inc's revenue in 2023 was $78,044,764.
Official website here: www.reinvestment.com
Who are the executives of The Reinvestment Fund Inc and what are their salaries?
The average compensation at The Reinvestment Fund Inc during 2023 was $103,009. There are 112 employees and 46 volunteers at The Reinvestment Fund Inc.
Here are 30 key members and their salaries (The Reinvestment Fund Inc's CEO's salary is $644,076 and their total compensation is $706,151):
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- Compensation: $356,736
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- Compensation: $337,321
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- Other: $85,006
- Compensation: $644,076
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- Other: $62,075
- Compensation: $261,574
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- Other: $49,661
- Compensation: $254,399
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- Other: $85,242
- Compensation: $253,399
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- Other: $19,410
- Compensation: $220,241
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- Other: $40,735
- Compensation: $223,598
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- Other: $56,372
- Compensation: $352,585
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- Other: $43,049
- Compensation: $279,248
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- Other: $69,865
- Compensation: $252,599
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- Other: $20,776
Official website here: www.reinvestment.com
Where can I find the form 990 for The Reinvestment Fund Inc?
The Reinvestment Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.reinvestment.com
Learn more at the official website: www.reinvestment.com
Mission Statement of The Reinvestment Fund Inc
The Reinvestment Fund Inc, a renowned organization, strives to create opportunities for underserved individuals and places through strategic partnerships. Leveraging its unique combination of capital, analytics, and expertise, The Reinvestment Fund, Inc. works diligently to build strong, healthy, and more equitable communities.
At the heart of its mission lies the organization's lending function. Through financing homes, schools, healthy food retail, healthcare, and other projects, The Reinvestment Fund, Inc. significantly benefits low-wealth people and places. By providing access to essential resources, it contributes to the overall improvement and development of communities in need.
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Impact
October, 2024
The Reinvestment Fund Inc significantly impacts underserved communities by creating opportunities through strategic partnerships. By marshaling capital, analytics, and expertise, the organization focuses on building strong, healthy, and equitable neighborhoods. Its core lending activities finance essential projects such as homes, schools, healthcare facilities, and healthy food retail, specifically targeting areas that benefit low-wealth individuals and communities. This holistic approach not only fosters economic development but also enhances the quality of life for residents, contributing to broader community improvement and sustainability in Philadelphia and beyond.
This information is meant to be a general summary of The Reinvestment Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,691,477
- Program Service Revenue: $35,403,711
- Gross Receipts: $83,080,010
Assets and Liabilities:
- Total Assets: $609,720,317
- Total Liabilities: $365,253,477
- Net Assets: $244,466,840
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST
Revenue
$31,312,868
FEE INCOME
Revenue
$2,773,915
ASSET MANAGEMENT FEES
Revenue
$889,270
LOAN & LEASE FEES
Revenue
$427,658
Organization Details
Founding Year
1985
Principal Officer
Donald Hinkle-Brown
Website
www.reinvestment.comNTEE Category
Code: S200 - Community improvement
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